Hooofdstuk 6 Business Accounting Flashcards
(42 cards)
cost accounting
Figuring out how much it costs to make one product, including all direct expenses like materials and labor.
bookkeeping
the recording of day-to-day financial transactions
tax accounting
Calculating how much tax a person or business must pay - or trying to reduce this figure.
management accounting
Using accounting data to help managers plan, budget, and make decisions for the company.
financial accounting
keeping financial records and preparing financial statements.
auditing
checking and reviewing a company’s financial records.
double-entry bookkeeping method
every transaction is registered as credit & debit
trial balance
A list made to check that total debits = total credits
financial statements
are drawn from the trial balance
eenmanszaak
individual proprietorship
maatschap (onbeperkte aansprakelijkheid)
partnership (unlimited liability)
besloten vennootschap (bv)
private limited company (Ltd.)
public limited company (PLC)
naamloze vennootschap (nv)
Memorandun of Association
oprichtingsakte
Articles of Association
statuten
statement
snapshot
situation
condition
revenues
income
expenses
espenditure
reinvested
held
funded
covered
accumulated
accrued
liabilities
dues
movement
flow
